Chicken Shop plus Indian Takeaway in Finsbury Park For Sale

Situated in a parade, excellent trading position, walking distance of Football Ground, LONDON FINSBURY PARK

Turnover £ 4,000
Price £146,000

Features

Chicken Shop & Indian Takeaway

NEWLY FITTED 2021

DOUBLE FRONTED PREMISES in the region of 620 ft² with ELECTRIC SHUTTERS. Tiled floor, suspended ceiling with spotlights. Tables and chairs providing seating for 12 persons. Sales counter, cash register. CCTV system (3 cameras, 1 monitor).

OPEN PLAN CHICKEN KITCHEN with stainless steel extractor unit, griddle, 2-pan deep fryer, glass fronted upright drinks display fridge, 2 fridges, 3 freezers, large fridge.

ADDITIONAL INDIAN KITCHEN. Stainless steel extractor unit, Tandoori oven, microwave, 2 freezers, large fridge.

Toilet with w.c. and wash hand basin

Stockroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000/ £4,500 p.w. with a gross profit of 65% approx. (30% DELIVERIES)

Staff

The business is at present operated by 2 of the partners with 1 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 11 p.m

Accommodation

THE SELF CONTAINED ACCOMMODATION (HMO licence pending) with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £3,150 per month (room by room). The accommodation comprises:

4 Bedrooms (2 very large doubles & 2 doubles)
Kitchen
Shower room with shower, w.c. and wash hand basin
w.c. and wash hand basin

Outside

Small Yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in 2016 with reviews every 4 years (next review 2024) at a current rent of £27,500 p.a. (As will be appreciated with the current rent of £37,800 p.a. from the accommodation, there is a profit rent of £10,300 p.a).

Business Rates from April 2022 £2,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £146,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 73,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote